Evaluating Your Idea

It’s time to evaluate your ideas to see if they can turn into a profitable business.

Tools You Can Use to Evaluate Your Idea:

  • Google Trends
  • Twitter, Facebook, Instagram (to see if it’s a topic that people are passionate about)
  • Search competitors on Google to find competitors
  • You can use Alexa.com (Free 7 Day Trial) and SimilarWeb (You can start with their free version) to understand their traffic
  • BuzzSumo will let us know the pages with the most shares on competitor’s stores
  • You can then look up the Facebook Pages and Twitter pages of your competitors to see their engagement
  • You can also lookup the domain on a service such as who.is to get an idea of how old the store is.

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